Rapeseed: Concerns about quality remain

For the second trading day in a row, rapeseed rose yesterday on Euronext/Matif. In the front month of November 23, the display board showed a plus of 7.25 euros and a closing price of 460.50 euros/t at the closing bell. The trade benefited both from positive indications from the soybean market and from prices for vegetable oils rising again. In northern Germany, more and more stocks are affected by growth. In Schleswig-Holstein it is reported that a little less than 25 percent of the areas that have not yet been harvested are likely to be affected. Good qualities are likely to be found in just over a third of the stocks here. Meanwhile, in Canada, farmers are preparing for the harvest. Growth conditions have recently been positive. However, no support came from crude oil. WTI and Brent fell again significantly yesterday.

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